PART 6Special administration for operators of certain infrastructure systems
Interpretation
127Interpretation of Part
1
In this Part—
“the 1986 Act” means the Insolvency Act 1986;
“business”, “member”, “property” and “security” have the same meaning as in the 1986 Act;
“company” has the meaning given by section 113;
“the court” means—
- a
in England and Wales and Northern Ireland, the High Court;
- b
in Scotland, the Court of Session;
- a
“FMI administration order” and “FMI administrator” are to be read in accordance with section 114;
“infrastructure company” has the meaning given by section 112;
“operator”, in relation to a recognised inter-bank payment system, has the meaning given by section 113;
“recognised inter-bank payment system” has the meaning given by section 113;
“regulated activity” has the same meaning as in FSMA 2000;
“the relevant system” has the meaning given by section 113;
“securities settlement system” has the meaning given by section 113.
2
In this Part references to the FMI administrator of a company include a person appointed under paragraph 91 or 103 of Schedule B1 to the 1986 Act, as applied by Schedule 6 to this Act, to be the FMI administrator of a company.
3
In this Part references to a person qualified to act as an insolvency practitioner in relation to a company are to be read in accordance with Part 13 of the 1986 Act, but as if references in that Part to a company included a company registered under the Companies Act 2006 in Northern Ireland.